Patagonia Gold (Patagonia Gold) Debt-to-Equity : 2.42 (As of Sep. 2022)

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What is Patagonia Gold Debt-to-Equity?

Patagonia Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $13.25 Mil. Patagonia Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $16.13 Mil. Patagonia Gold's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $12.13 Mil. Patagonia Gold's debt to equity for the quarter that ended in Sep. 2022 was 2.42.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Patagonia Gold's Debt-to-Equity or its related term are showing as below:

HGLD's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Patagonia Gold Debt-to-Equity Historical Data

The historical data trend for Patagonia Gold's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Patagonia Gold Debt-to-Equity Chart

Patagonia Gold Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.83

1.39

1.81

1.10

1.20

Patagonia Gold Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.79	1.20	1.48	1.80	2.42

Competitive Comparison of Patagonia Gold's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Patagonia Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Patagonia Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Patagonia Gold's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Patagonia Gold's Debt-to-Equity falls into.

Patagonia Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Patagonia Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7.223	+	15.762)	/	19.088
	=	1.20

Patagonia Gold's Debt to Equity Ratio for the quarter that ended in Sep. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(13.252	+	16.131)	/	12.127
	=	2.42

Patagonia Gold (OTCPK:HGLD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Patagonia Gold Debt-to-Equity Related Terms

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Patagonia Gold (Patagonia Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Gold Corp (OTCPK:HGLD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 - 885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.patagoniagold.com

Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina, Chile, and Uruguay. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria, and La Valenciana.